In this interview with Forbes contributing writer Trang Ho, Frank Holmes explains why he expects the U.S. Global Jets ETF (JETS) to stay in the air, even though two previous airline ETFs failed in 2009 and 2011. The difference between then and now, Frank says, is that the airline industry has undergone “wide-ranging structural changes” that have led to “strong growth in profits as well as demand.”
When asked where JETS might fit in investors’ portfolios, Frank says that, as the only airline ETF on the market, it provides exposure to a “high-performing slice of the industrial sector.” He continues: “Over the past three years [as of April 1, 2015], airlines have been the best-performing industrial category, experiencing a rise of 287 percent.”
Article summary written by U.S. Global Investors.